CRUDE_ CLG17  #crudeoilfutures

Weekly – Still in the downtrend. Trade pressures are up ans extended. Volumes are bullish to neutral.

Daily – Flat. No direction is evident. Trade pressures are moving up thru the neutral zone. Volumes are very light and neutral.

The 53.31 long entry has been triggered, but with out any volume conviction.

Wait.

 

NAT GAS_ QNG17  #naturalgasfutures

Weekly – Rising to test the upper limits of the downtrend. Trade pressures are up but declining. Volumes are bullish.

Daily – Flat. The 3.89 level was reached. Trade pressures are up. Volumes are bullish.

The pullback from the 3.89 level was expected. The next target up is 3.94.

A close below 3.62 would signal lower.